Terms
tariffs
Type
Simple Agro
Loan purpose
Acquisition of fixed and working capital, financing of accounts payable
Loan currency
AMD
Borrower
RA resident individual aged 18-65
Grace period for loan principal payment
0
Grace period for loan principal payment
6-36 months
Loan amount**
Minimum: 300,000 AMD
Maximum: 1,500,000 AMD
Lending method
Lump sum
Annual nominal interest rate of the loan /fixed/
19%
Effective annual interest rate of the loan
20.75-20.81%
Loan issuance and service fee
None
Penalty on overdue principal amount
0.1% daily
Penalty on overdue interest
0.13% daily
Penalty on early repayment
None
Repayment method
Annuity
ATTENTION: LOAN/LEASING INTEREST IS CALCULATED ON THE BASIS OF THE NOMINAL INTEREST RATE, WHILE THE ANNUAL ACTUAL INTEREST RATE SHOWS HOW MUCH THE LOAN/LEASING WILL COST IF THE INTEREST AND OTHER PAYMENTS ARE MADE WITHIN THE SPECIFIED PERIOD AND AMOUNTS. THE PROCEDURE FOR CALCULATING THE ANNUAL ACTUAL INTEREST RATE IS POSTED ON THE BANK'S OFFICIAL WEBSITE
You can find detailed information about credit history and credit score here
You can find other loan-related terms and conditions at the following link.